This blog is about macro-economics, financial markets and the world that has been pulled over your eyes to blind you from the truth.

— Neo: What truth?
— Morpheus: That you are a slave, Neo.

2010-06-13

Robert Prechter on BloombergTV's Closing Bell

Robert Prechter was on Closing Bell with Maria Bartiromo on Thursday the 10th of June.
Here the main points:

The dollar rally is over

The euro is ready for a bounce - could bounce to 1.30 wouldn't trouble

Would prefer to be in the CHF and the EUR

Doesn't give any short term forecast for the equity markets.

[Note: the video is embedded on the web site,

but doesn't appear on the RSS feed for some reason]

Prechter also appears in the current edition of Bloomberg-NewsWeek along with many other bears like Peter Schiff, Nouriel Roubini, etc. The cover of the magazine is big bears, which bothers me as it would mean as a contrarian indicator to we should have a bounce in the short term.